I feel like the rich uncle or parent is the "private money lender" for those that do not have a long track record of investing.

Originally posted by @Roger Lin: Is this a single home site or something that can be developed into a community?

The cash flow happens when your Uncle Bob sends you a check for $5k or you have taken the extra rental income and paid down the mortgage over time.

@Brittany Baker My uncle used to say “You can make your mouth say anything.”

Everyone has to pay Uncle Sam at the end of the day, and its a much larger piece of the pie if the government can hold their horses and wait for that payday to come.Abolishing the 1031 Exchange "loophole" - as some call it - will make it rain cash to the government today, but it'll hurt the country in the long run.

Yes it is but not because uncle Robert says it is.

House hacking is a much surer way of growing your wealth than maybe getting to network with your uncles friends.  

-My aunt and uncle had a solid 1600 sq ft, 3/2/2 rental a few blocks away from my parent's house.

My "bro" generation (Mid 20's) thinks real estate is trendy and cool because their sisters boyfriends uncles son flips houses and he tells them how much money he makes doing so and he's the "cool guy without a "real job"".

@Michael Rogers it is definitely a great idea to work property management costs into the buying formula, I think that is a great piece of advice!